Cotton Market Dull But Steady in New York and Liverpool
New York June 22 cot ton market quiet with light sales about 100000 bales yet prices steady closing with small gains. Early firmness from dry southwest weather and higher cables gave way to pressure from Toombeara, then renewed buying pushed prices up 3-4 points late. Exports and port receipts showed movement. New Orleans and Houston receipts listed. Liverpool futures opened steady with middling at 6 1 2, 7000 bales traded. Chronicle notes from the South report favorable crop prospects overall but rainfall heavy in some areas and drought in Texas.
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Market and Commodity Notes From Early 20th Century Ledger
A dense financial snapshot lists numerous bond and stock figures from U S and Canadian issuers, showing rates, adjustments, and certificates across railroads, telegraph lines, and utilities. It notes general market weakness in lumber, steady weather and crop reports, and a surge in money supply easing while collections slow, with weekly and year-to-date export figures for wheat corn and other grains.
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Secretary Heaters Weekly Cotton Statement New Orleans June 22
New Orleans reports a mixed week for cotton with movement toward sight showing a decrease from last week and year, while receipts and totals for the season reveal complex shifts across ports, interior stocks, and foreign exports. The Texan drought and moisture conditions drive market nerves. July liquidation rises as traders eye weather-affected supply.
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Cotton market shows slight weekly gains and supply tightness
New York cotton exchange reports supply to date at 11,030,608 bales, down from last year, with world visible supply rising in Britain and Europe. Weekly movement shows port receipts at 32,084, overland to mills 7,247, and stock at inland towns up, while forecasts predict fair weather and strong short-cover potential for the market.
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